MLS: 400344 (Active - For Sale)   Condo: Papakea Resort I II #E106 (Floor: 1)   Asking Price: $999,000 Fee Simple District: Napili/Kahana/Honokowai Street: 3543 Lower Honoapiilani Rd Maintenance Fee: $1105.59 Beds: 1   Baths: 1 Living Area: 597 SF Land Area: 12.28 Acres Vacation Rentable: Yes Features: Ocean View, OceanFront, Pool Days on Market: 158

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This well located and updated short term rental investment opportunity has a 92% occupancy rate, solid 5 star reviews on Airbnb and VRBO and grossed $110,000 in 2022. It includes all furnishings and kitchen items ready to take over with new buyer. Professionally decorated to the highest standard. Enjoy beautiful ocean and lush resort views from this one bedroom, highly upgraded condo. Papakea E106 is in a great location, 20 steps to the ocean, right next to pool and putting green and a short distance to shopping and recreational activities. The upgrades include upgraded maple cabinets, tile flooring throughout along with recessed lighting, newer stainless steel appliances, granite countertops and backsplash, and a newer frameless glass, walk-in shower. Upgraded lanai glass doors, a new split A/C system. New king mattress, new queen pullout sofa bed, arm chair, rug and art. Papakea is close to 3-mile-long N. Kaanapali white sandy beach with great swimming and snorkelling. Enjoy ocean-front sunsets after a day at the beach, as the magical tiki lights reflect across the koi ponds on the property at dusk. The amenities include 2 ocean-side swimming pools, 2 whirlpool spas, 2 tennis courts, 2 ocean-side cabanas, 2 pickle ball courts, 2 twelve-hole putting greens, poolside barbeques and ample parking. Papakea’s location is as good as it gets! Within minutes to Duke’s restaurant, grocery store and farmers market. Seller’s have a Real Estate license in Canada.

4 Comparable Units Sold in Papakea Resort I II (Last 6 months)

MLS Number	Description	List Date	Sold Date	List Price	Sold Price
399795	1 Bed, 1 Bath	09/15/2023	11/15/2023	$425,000	$425,000
400456	1 Bed, 1 Bath	12/06/2023	02/16/2024	$975,000	$725,000
400393	1 Bed, 1 Bath	11/30/2023	02/16/2024	$1,031,000	$900,000
399871	1 Bed, 1 Bath	09/26/2023	11/29/2023	$1,199,000	$1,170,000
				Average Price:	$805,000

This property is listed by Coldwell Banker Island Prop-KP
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